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Jan 6, 2013 8:00pm PST
. a new deal over the debt ceiling is looming in the not-so-distant future. we go now to elizabeth corridan to check up on both sides and how they're preparing to get a new deal in place. >> "i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come and gone. now lawmakers start a new session under pressure to avert another financial crisis -- this time over raising the debt ceiling. if an agreement isn't reached by late february or early march, the united states risks defaulting on its financial obligations. the argument this time around will be over how much congress will agree to cut spending. >> "the bottom line is we can't continue down the path we're on of borrowing money to pay our own debt with, and we've got to have serious spending cuts. we've got to have dollar for dollar within the same year." >> reporter: but key democrats say the debt limit and spending cuts are not related, and a deal
FOX News
Jan 7, 2013 1:00pm PST
ceiling, come up with a trillion dollars coin for the federal reserve, have a backstop to raise the debt ceiling but never address what got us to these gymnastics in the first place. why don't we? >> usually the reason that we don't is because that would solve problems but we also don't because the same people who keep making money because of the debt ceiling being upward when you have got to borrow money somebody is earning money. somebody is making money. and it certainly is not those individuals at the bottom of the barrel. >> neil: the reason why we are in the peckle we ar pickle we s because we keep printing money and spending money. do you think we a spending problem? >> i think we finance our government with the idea that we keep providing opportunity for the money managers, the money lenders, the money changers and it is kind of like billy holliday used to say, them that's got shall get. >> neil: don't play the same cold game and cater to them. >> we already made the decision we have to borrow. >> neil: stop like you tell an alcoholic put the glass down. stop, stop, stop. >> i te
Jan 7, 2013 3:00pm EST
which are great for investors. >> brian, do you think it's going to be a piece of cake the debt ceiling discussions? >> what? >> that's what he said. >> this has been a market place that since 2007, 2008, that reacts to every little sound bite. we're going to see some volatility during every time of situation or news bit that comes out of washington. this is not going to be an easy year. but what we will say is that stocks in general are exquisitely priced number one. number two, they're providing income for those portfolios that are beginning to lose money in their bond positions the second half of the year. 2012 was still a net positive year for bonds. but the second half of the year was the first six-month period where bond investors were actually losing money. we need to see more of that before we see the massive rotation out of bonds and into stocks. that will really catapult the second bull market. >> you have to believe that at the end of the year, the fact that dividend taxes go to 20% rather than much higher, some expectations, and capital gains taxes also 20%. good number ther
Jan 6, 2013 6:00pm PST
. >> with this debt ceiling hanging over us, isn't it time to start rebuilding relationships, nina? >> there are some people who actually know how to do that left? it is not insignificant that these were older members of the senate who actually -- joe biden being a senator for a long time, they got together and they were able to hammer something out. a different kind of pork, tax benefits. it's ugly. it's sausage. in my view, there are a lot of things in this that are unfortunate from a policy point of view. that is we do to make a deal and then everyone just has to get by it. the only way is to have everyone say that we're all going to stick by what we have done. >> barack obama's approaches that of ronald reagan. he does not get into specifics or bring in everyone in the room. that is not his style. joe biden fill that in. he was an independent for 36 years. he served with mitch mcconnell. it had broken down obviously between the president and the speaker of the house and the speaker could not deliver the republican membership. it was by a default. but for them, there was not a deal. >> reelected p
Jan 7, 2013 2:00pm PST
their way in the upcoming debt ceiling fight. did he forget who won the election? this is "hardball," the place for politics. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. it fills you up right. >>> i just saw a great movie, silver linings playbook with bradley cooper, jennifer lawrence. i select silver linings as one of the five great philad
Jan 7, 2013 4:00am EST
to be extremely critical to investor sentiment. we're dealing with a lot of head winds with the debt ceiling crisis and some of these other fiscal policies taking place, be it the health care regulations here in the u.s. i think investors are really going to be focusing on what companies are saying for 2013. >> and what are companies like to do with their spare cash? are we going to see more buybacks? >> that's a good question. i think buybacks is probably the trend of the times right now more than the m&a when companies had a lot of cash to spare. if you look at 2000, 1999 or maybe even 200 a, 2006, you were seeing m&a. now i think you're seeing more buybacks. that's a trend of the times, like you said. >> where is that going to leave the p/e ratios? >> the s&p right now is trading at 4.9 outs of forward multiple. you know, you can look at it as stocks being cheap right now. you can really make that argument. if you're saying that we've come out of the great recession and we're in that area where we're start to go rise in terms of our economic prowess, then you could say stocks are cheap. i
FOX News
Jan 6, 2013 11:00pm PST
we all thought it would and the only scheduled cuts that were supposed to take place we just suspended them five days ago in the fiscal cliff deal. we have yet to cut one dime from the last debt ceiling agreement and now here it is time to do it again. we got to stop the madness. this is the 18-year-old kid on the credit card and they maxed out the credit card. instead of cutting it up and putting them on a budget barack obama says give us a new credit card and by the way, harry reid you don't have to pass a budget in three years. this is crazy. >> would you support this year letting the debt ceiling deadline last? >> what i won't support is not dealing with the problem. americans sent us here to deal with the problem. the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counti
FOX News
Jan 7, 2013 6:00am PST
they have the same public relations campaign with respect, do we use the debt ceiling as the battleground for this? i don't know they have the stomach for that. sequestration. who cares more about defense spending, republicans or democrats? continuing resolution might be a place where they draw a line in the sand. it is pretty clear this is certainly a bill that is tilted heavily toward what the president wanted and the only area he gave was maybe some on the revenue side. they're coming back. people should be very worried about in i kind of deal you see they go after, let's say, oil conditions or any of these kind of things. martha: right. >> those will be covers, smoke screens. they will be small, drop in the bucket, small potato things. behind them could be serious taxes that impact everybody. talking about people making less than $100,000 a year. be very wary, because that is exactly what happened in the fiscal cliff deal. martha: nancy pelosi, entitlements, we did that. we already reformed entitlements when we did the health care bill. >> she was also agnostic where the money comes f
Search Results 0 to 7 of about 8